Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
November 22, 2021

Gavea Conventional Gas Field, Brazil

By Carmen

Gavea is a conventional gas development located in ultra-deepwater in Brazil and is operated by Equinor Brasil Energia. Gavea lies in block C-M-539, with water depth of around 9,515 feet.

The project is currently in feasibility stage and is expected to start commercial production in 2026. Final investment decision (FID) of the project will be approved in 2022. The Gavea conventional gas development will involve the drilling of approximately two wells.

Field participation details

The field is owned by Equinor, Repsol, Petroleo Brasileiro and China Petrochemical.


Production from Gavea

Production from the Gavea conventional gas development project is expected to begin in 2026 and is forecast to peak in 2029, to approximately 37 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2042.


Remaining recoverable reserves

The field is expected to recover 22.28 Mmboe, comprised of 133.66 bcf of natural gas reserves.


Contractors involved in the Gavea conventional gas field

The key contractors involved in the Gavea project as follows.

Other Contractors: IKM Gruppen

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

About Equinor Brasil Energia

Equinor Brasil Energia Ltda is a energy firm. The company owns and runs plants that produce petroleum, natural gas, and solar energy. It is headquartered in Brazil.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU